Case Study: a leading automated mortgage transaction technology company reduces mortgage processing time with Infrrd

Reduce Processing Time by 45% with First-Time Accuracy

Infrrd worked with a leading automated mortgage transaction technology company that helps buyers, agents, and loan officers manage the home buying and loan closing process through web and mobile services. The customer needed to reduce mortgage processing time, cut down on back-and-forth between borrowers and loan officers, and reduce manual effort by getting document handling right the first time.

Infrrd implemented an intelligent mortgage document processing solution with quality checks, document classification, data extraction and validation, and document anticipation/prediction using its mortgage domain model. This helped auto-classify mortgage documents, verify supporting information, and prompt for missing or questionable documents early in the process. The result was a 45% reduction in overall loan processing time, less back and forth among borrowers, loan officers, and underwriters, and an improved user experience.